NASDAQ SHUFFLE.Wall Street is weary of profitless business plans, and Latin American Web companies have noticed. When the Nasdaq tanked in mid-April, Spanish-language portal Yupi.com, which had been shelf listed for months, postponed its scheduled initial public offering. Internet companies now wonder how warmly investors will greet the Wall Street arrival of players like Universo Online UOL (Bovespa UOLL4), once known as Universo Online, is a Brazilian online service provider and internet service provider. It is the leader in Latin America and the homepage portal is the biggest in the Portuguese speaking world. , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and DeRemate.com. If the sagging stock prices of StarMedia and Quepasa.com are any indication, the welcome won't be an effusive ef·fu·sive adj. 1. Unrestrained or excessive in emotional expression; gushy: an effusive manner. 2. Profuse; overflowing: effusive praise. one. |
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